City Council approved a twenty year franchise agreement with Northern States Power Company d/b/a Xcel Energy on August 7, 2001. As staff and representatives from Xcel have been renegotiating a new franchise agreement, it has become clear that an extension is needed to ensure closure to the agreement and stay within the 90 day notification window needed for Xcel to gain approval of the Public Utilities Commission.

This extension would change nothing in the current agreement. Its only action is to extend the timeline of the agreement by approximately 4 months to December 31, 2021.